Arch Capital Group Ltd. (NASDAQ:ACGL) Short Interest Update

Arch Capital Group Ltd. (NASDAQ:ACGL) saw a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 3,360,000 shares, a growth of 7.3% from the September 30th total of 3,130,000 shares. Approximately 0.9% of the shares of the stock are short sold. Based on an average trading volume of 1,260,000 shares, the short-interest ratio is presently 2.7 days.

A number of analysts have recently issued reports on ACGL shares. JPMorgan Chase & Co. downgraded shares of Arch Capital Group from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $44.00 to $40.00 in a report on Tuesday, November 12th. BidaskClub downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. ValuEngine downgraded shares of Arch Capital Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st. Barclays set a $47.00 price target on shares of Arch Capital Group and gave the stock a “buy” rating in a research note on Monday, August 12th. Finally, MKM Partners boosted their price target on shares of Arch Capital Group from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $39.71.

In other news, CEO Maamoun Rajeh sold 20,000 shares of Arch Capital Group stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $39.08, for a total transaction of $781,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John D. Vollaro sold 10,000 shares of Arch Capital Group stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $40.01, for a total transaction of $400,100.00. The disclosure for this sale can be found here. Insiders have sold a total of 30,100 shares of company stock valued at $1,185,900 over the last ninety days. 5.20% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of ACGL. World Asset Management Inc increased its position in shares of Arch Capital Group by 2.5% in the third quarter. World Asset Management Inc now owns 12,273 shares of the insurance provider’s stock valued at $515,000 after acquiring an additional 305 shares during the period. Commonwealth Bank of Australia increased its position in shares of Arch Capital Group by 0.8% in the second quarter. Commonwealth Bank of Australia now owns 38,525 shares of the insurance provider’s stock valued at $1,423,000 after acquiring an additional 309 shares during the period. Financial Advantage Inc. increased its position in shares of Arch Capital Group by 0.3% in the third quarter. Financial Advantage Inc. now owns 119,263 shares of the insurance provider’s stock valued at $5,006,000 after acquiring an additional 310 shares during the period. LS Investment Advisors LLC increased its position in shares of Arch Capital Group by 4.3% in the second quarter. LS Investment Advisors LLC now owns 7,780 shares of the insurance provider’s stock valued at $288,000 after acquiring an additional 318 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its position in shares of Arch Capital Group by 2.2% in the third quarter. Oppenheimer Asset Management Inc. now owns 15,226 shares of the insurance provider’s stock valued at $640,000 after acquiring an additional 329 shares during the period. 80.15% of the stock is owned by institutional investors and hedge funds.

Arch Capital Group stock opened at $40.63 on Monday. The company has a quick ratio of 0.54, a current ratio of 0.69 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $16.48 billion, a PE ratio of 18.47, a P/E/G ratio of 1.48 and a beta of 0.63. The firm has a fifty day simple moving average of $41.39 and a two-hundred day simple moving average of $38.36. Arch Capital Group has a twelve month low of $24.79 and a twelve month high of $42.86.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Tuesday, October 29th. The insurance provider reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.01. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.29 billion. Arch Capital Group had a net margin of 21.97% and a return on equity of 10.31%. During the same period in the previous year, the firm posted $0.53 earnings per share. As a group, equities analysts expect that Arch Capital Group will post 2.75 earnings per share for the current fiscal year.

About Arch Capital Group

Arch Capital Group Ltd., together with its subsidiaries, provides property, casualty, and mortgage insurance and reinsurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; collateral protection, debt cancellation, and service contract reimbursement products; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.

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